When I saw Dan Brown’s quote “History is always written by winners”‚ it made me think whether he was correct; is history only written by winners? If so‚ is there bias in history because it is only written by winners? My real life situation is that Taiwanese history textbooks show bias in the information included and the view of the situation included. Whether information should be included in textbooks‚ or if both sides of an event should be included can be seen in a well-known event known as the
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incorporate behavioural finance into their analysis of an investor’s portfolio. The use of behavioural finance concepts will create the following opportunities for HelloWallet. Availability Bias: People will be influenced more by what they can easily retrieve from memory. Availability bias is a human cognitive bias‚ which causes us to overestimate probabilities of events associated with memorable occurrences. A prime example of this would be plane crashes. Plane crashes are extremely rare; however
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Cognitive Bias When I think of cognitive bias‚ I think about people making assumptions about others base on either what they have heard from other people or something they have experienced themselves. In order to figure out what biases I have I had to ask my wife. After some discussion we came to the conclusion that I have a couple of biases. The two that we came up with can be very controversial‚ religion and race. I wouldn’t say that I’m a religious freak or that I’m racist‚ I just have my own
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That is why wanting to be a professional player for any sport is “unrealistic” for most people. You have to be a gifted player to make it to the pros. A first team All-American college basketball forward at the University of Maryland. That’s who Len Bias was. He was a humble player with extremely high expectations and a favorite of many because of his size‚ athleticism‚ and passion for the game of basketball. He had dreamt of becoming an NBA player ever since he was a little kid growing up in a road
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Detecting Media Bias Jeffrey E. Ferreiras University of Phoenix Critical and Creative Thinking 16 December 2012 Aimee Nichols When reading the media one must always consider that media may be bias‚ people may have incentives or hidden agendas and the facts may be conflicting. In order to properly evaluate and decide what information makes sense and what seems like a lie the audience should practice critical reading. A critical reader is able to separate fact from interpretation; to
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of racial bias during interracial interaction. The study began off of the basis that individuals that have high levels of racial bias tend to regulate them selves when around others of another race. They often do this to make sure that their racial bias does not show. Individuals with low level of racial bias tended not to regulate themselves as much because they were more comfortable in their situation. Interestingly‚ researchers believed that individuals with high levels of racial bias were favored
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What appears on the next page is a graph representing “aggregation bias” in data. Per Bakken’s report‚ he assumes that there are no differences between stand-alone retail properties (such as Walgreens) and strip-mall retail properties. He even uses a case study to “prove” that there are no differences in rents between strip and stand-alone retail properties. However‚ by looking at the graph on the next page‚ it is possible to find a stand-alone retail property (from Submarket B) that overlaps with
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Hindsight bias: Hindsight bias is when you know something right after it happens and not while it is happening. Some people call it the I-knew-it-all-along phenomenon. This is where you watch a sports game and when the game is over‚ think to yourself that you knew they would loose‚ when in fact you were on the edge of your seat waiting to see how the game was going to end and if your team would win or not. (Myers‚ 2010‚ p.16.) I have had several instances where hindsight bias has
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media. Finally‚ the draft gives a detail of some of the features of media that damage the learning process. Introduction Given the central role popular media plays in the lives of our children‚ it is important to have an understanding of the impact television viewing has on academic achievement and school performance. Parents and teachers alike ask the question of how much television viewing is too much. Few people would argue that
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I’ve Always Known About the Hindsight Bias "Oh‚ I shouldn’t have missed that question‚ I knew the answer." No I didn’t‚ I just thought I did. I just further proved the concept of the Hindsight Bias‚ or the "I knew it all along phenomenon." This concept came about in the late seventies when psychologists Paul Slovic and Baruch Fischoff began studying how scientific results and historical happenings always seem like common sense to people when in fact ‚ they had no idea. Once people find out
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